Technology
Australia's Atlassian to buy VC-backed Trello
Atlassian, an enterprise software company founded in Sydney and now listed on NASDAQ, has acquired Trello, a VC-backed US start-up that develops software intended to facilitate collaboration and teamwork.
Tiantu leads $36m round for China comic site
China consumer-focused GP Tiantu Capital has led a RMB250 million ($36 million) Series C round of funding for Kuaikan Comic, a mobile app designed for reading comic books.
Singapore business school INSEAD launches seed fund
INSEADAlum Ventures (IAV), the Singapore-based VC arm of international business school operator INSEAD, has launched a seed fund dedicated to its alumni and faculty networks across Europe and Asia.
C-Bridge buys control of China’s Anrei Medical
Healthcare-focused PE firm C-Bridge Capital has acquired a controlling stake in Anrei Medical Device, a China-based invasive medical devices manufacturer, for $25 million.
IDG sees 15 start-ups achieve unicorn status in 2016
Fifteen start-ups backed by IDG Capital Partners achieved valuations of $1 billion or more in 2016, taking the total number of unicorns in the China-focused VC firm’s portfolio to 26 over the past 12 years.
Australia's Future Fund backs US data protection start-up
Australia’s Future Fund has participated in a $45 million Series C round of funding for US-based data protection company Bitglass, joining existing investors such as Singapore’s Singtel Innov8.
China auto financing platform Chedai gets $52m Series B
Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.
Samsung launches $150m global VC fund
Korean tech giant Samsung Electronics has launched a $150 million global venture capital fund via its US-based incubation and acceleration unit.
SOS Ventures closes third global VC fund at $150m
Early-stage investor SOS Ventures – known for accelerator programs such as China-based HAX and Chinaccelerator – has closed its third global VC fund at $150 million.
Tencent forms alliance with Thailand's VC-backed Ookbee
Chinese internet giant Tencent Holdings has teamed up with Thailand-based Ookbee, a VC-backed digital magazine platform, to pursue growth opportunities in Southeast Asia’s online media space.
INCJ, Khazanah back SE Asian telecom spin-out
Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata
Hillhouse to help SaaS player Magento with Asia expansion
China-based Hillhouse Capital will invest $250 million in Magento Commerce, which provides transaction-processing software to e-commerce players, and help the company expand in Asia.
Warburg Pincus, Tencent lead $215m round for China's Mobike
Chinese bike-sharing start-up Mobike has received $215 million in Series D funding, led by domestic internet giant Tencent Holdings and Warburg Pincus. The company now claims to be the best funded participant in its industry globally.
VIDEO: Khailee Ng, 500 Startups
Khailee Ng, managing partner at 500 Startups, discusses the development of venture capital in Southeast Asia
Israel's Yozma to invest $41m in Korean health tech start-ups
Israeli venture capital firm Yozma Group has agreed to invest KRW50 billion ($41.4 million) in Korean biotechnology and healthcare start-ups, starting in the first half of 2017.
H Capital joins $273m round for HNA's travel finance unit
H Capital has participated in a Series B-plus round of funding worth RMB1.9 billion ($273 million) for E-life Finance, the travel financial services unit of Chinese conglomerate HNA Group.
GIC, Tecent, NavInfo to take mapping business Here into China
Singapore’s GIC Private has teamed up with China’s Tencent Holdings and NavInfo – a digital maps and location services provider backed by Tencent – to acquire a 10% stake in Here, a US-headquartered open location company.
Puji Capital, Galaxy platform to back foreign start-ups in China
Chinese investment group Puji Capital has formed a joint venture platform with domestic property developer Galaxy Holdings that will invest in more than 10 start-up and growth companies across mobile gaming, media technology and consumer hardware.
India's Lightbox raises $54m top-up fund
Indian venture capital firm Lightbox has raised a $54 million top-up fund that will be used to make additional investments in certain portfolio companies.
Taiwan’s Next Entertainment gets $25m Series A round
Taiwan-based live broadcasting platform New Entertainment has raised $25 million in Series A funding led by Chinese video streaming app Inke.
AVCJ Awards 2016: Exit of the Year - Large Cap: Loen Entertainment
Vertical integration and growing interest in Korean media assets enabled Affinity Equity Partners to secure a strong return on Loen Entertainment, far quicker than anticipated
Cathay, Shenzhen Fortune lead $58m round for China’s Aihuishou
Cathay Capital Private Equity and Shenzhen Fortune Venture Capital have led a RMB400 million ($58 million) Series D round of funding for Aihuishou, a China-based electronic products recycling platform.
China truck logistics platform Huochebang raises $115m
Chinese online truck logistics platform Huochebang has raised $114.68 million in an initial Series B round of funding led by the International Finance Corporation (IFC) and All-Stars Investment.
AVCJ Awards 2016: Venture Capital Professional of the Year: Shailendra Singh
Shailendra Singh, managing director at Sequoia Capital India, discusses the long-term thinking in emerging markets’ rapidly changing tech ecosystems